The Eddy Blog

Eddy product news plus helpful advice and ideas for growing businesses and their people.

New Tax Breaks for Tips and Overtime: What Employers and Workers Need to Know for 2025

New Tax Breaks for Tips and Overtime: What Employers and Workers Need to Know for 2025

Starting in 2025, workers can deduct up to $25,000 in tips and $12,500 in overtime from federal taxable income, boosting refunds without changing paychecks. Rules expire after 2028.